XML 17 R8.htm IDEA: XBRL DOCUMENT v3.23.1
INVENTORY
3 Months Ended
Mar. 31, 2023
Inventory Disclosure [Abstract]  
INVENTORY

NOTE 2 – INVENTORY

 

Inventory primarily consists of sim cards and cell phones, which are stored at our warehouse, or have been delivered to distributors in the field. Inventories are stated at cost using the first-in, first-out (“FIFO”) valuation method. On a monthly basis, inventory is counted at our warehouse facility, and is reviewed for obsolescence and counted for accuracy with distributors. At March 31, 2023, and December 31, 2022, the Company had inventory of $690,868 and $526,337, respectively.